v3.26.1
Income Taxes (Tables)
 12 Months Ended
Apr. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Income From Continuing Operations Before Provision For Income Taxes
Income from continuing operations before provision for income taxes was as follows:
Year Ended April 30,
202620252024
(in thousands)
Domestic$197,461 $157,356 $70,716 
Foreign190,989 187,556 151,926 
Income before provision for income taxes$388,450 $344,912 $222,642 
Schedule of Provision for Domestic and Foreign Income Taxes
The provision for domestic and foreign income taxes was as follows:
Year Ended April 30,
202620252024
(in thousands)
Current income taxes:
Federal$15,709 $33,433 $31,466 
State10,402 13,916 10,071 
Foreign49,698 52,891 40,853 
Current provision for income taxes75,809 100,240 82,390 
Deferred income taxes:   
Federal24,832 (5,380)(15,693)
State3,964 (1,853)(2,904)
Foreign3,025 829 (13,712)
Deferred benefit for income taxes31,821 (6,404)(32,309)
Total provision for income taxes$107,630 $93,836 $50,081 
Schedule of Reconciliation of Statutory Federal Income Tax Rate to Effective Consolidated Tax Rate
The reconciliation of the statutory federal income tax rate to the effective consolidated tax rate is as follows:
Year Ended April 30, 2026
 (in thousands)%
U.S. federal statutory income tax rate$81,574 21.0 %
State and local income tax, net of federal income tax effect (1)
11,089 2.9 
Foreign tax effects (2)
13,204 3.4 
Non-taxable or non-deductible items
Non-deductible officer's compensation4,676 1.2 
Other (3)
(2,048)(0.5)
Effect of cross-border tax laws
(2,300)(0.6)
Change in unrecognized tax benefits3,485 0.9 
Tax credits(1,022)(0.3)
Other (3)
(1,028)(0.3)
Effective income tax rate$107,630 27.7 %
_______________________________
(1)For the year ended April 30, 2026, no single state or local jurisdiction accounted for more than 5% of the total income tax expense. The Company's state tax expense is primarily attributable to operations in Minnesota, New York, California, Illinois and New York City, which combined for more than 50% of this category, but none of which individually exceeded 5% of the total income tax expense.
(2)No individual foreign jurisdiction exceeded 5% of total income tax expense for fiscal 2026, either in aggregate or for any individual category of reconciling items.
(3)Reconciling items that are individually less than 5% of the total income tax expense.
The reconciliation of the statutory federal income tax rate to the effective consolidated tax rate is as follows for the years ended April 30, 2025 and 2024, prior to the adoption of ASU 2023-09:
Year Ended April 30,
20252024
U.S. federal statutory income tax rate
21.0 %21.0 %
State tax, net of federal effect
2.8 2.8 
Foreign tax rates differential
4.7 4.0 
Non-deductible officer's compensation
1.6 1.9 
Change in valuation allowance
(0.5)(5.8)
Change in uncertain tax positions
(1.3)1.1 
Foreign-derived intangible income deduction
(1.0)(1.2)
Repatriation of earnings of foreign subsidiaries
1.1 1.4 
R&D tax credit
(0.7)(1.5)
Other
(0.5)(1.2)
Effective income tax rate
27.2 %22.5 %
Schedule of Components of Deferred Tax Assets and Liabilities
Components of deferred tax assets and liabilities were as follows:
April 30,
20262025
(in thousands)
Deferred tax assets:
Deferred compensation$157,813 $145,410 
Operating lease liability17,218 18,015 
Loss carryforwards19,828 25,565 
Reserves and accruals21,606 20,833 
Allowance for doubtful accounts6,004 6,786 
Deferred revenue3,066 6,112 
Gross deferred tax assets225,535 222,721 
Deferred tax liabilities:
Operating lease, right-of-use, assets(14,783)(14,531)
Intangibles and goodwill(25,957)(24,753)
Property and equipment(35,558)(10,306)
Prepaid expenses(17,508)(15,997)
Unrealized gain on marketable securities
(10,093)(6,502)
Other(4,043)(2,584)
Gross deferred tax liabilities(107,942)(74,673)
Valuation allowances(10,109)(9,469)
Net deferred tax asset$107,484 $138,579 
Schedule of Changes in Unrecognized Tax Benefits
A reconciliation of the beginning and ending balances of the unrecognized tax benefits is as follows:
Year Ended April 30,
202620252024
(in thousands)
Unrecognized tax benefits, beginning of year$10,856 $14,023 $10,566 
Additions based on tax positions related to the current year594 2,140 1,573 
Additions based on tax positions related to prior years1,748 993 2,208 
Settlement with tax authority— (2,159)— 
Lapse of applicable statute of limitations(243)(4,141)(324)
Unrecognized tax benefits, end of year$12,955 $10,856 $14,023 
Schedule of Cash Paid, Net of Refunds
Cash paid during the year for income taxes, net of refunds, is as follows:

Year Ended
April 30, 2026
(in thousands)
U.S. Federal$17,348 
State11,203 
Foreign
Canada8,376 
United Kingdom6,033 
United Arab Emirates5,285 
Australia4,904 
India4,879
Other foreign31,742
Total
$89,770